San Mateo County Employees' Retirement Association, Redwood Shores, Calif., will interview Milliman and Segal Co. at a special Dec. 16 board meeting as finalists for an actuarial contract with the $1.7 billion pension fund, said Gary Clifton, CIO. Previous actuary Public Professional Pensions resigned, Mr. Clifton said.
In addition, staff will recommend signing a contract with Fidelity Management Trust to run a roughly $165 million enhanced Lehman Aggregate index portfolio. The board had held off approving the contract at its November meeting, pending a site visit by staff. Funding will come from terminating a fixed-income index fund managed by Barclays Global Investors. Strategic Investment Solutions consulted.
